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  • FIRST POST
    • aneary
    • By aneary 15th May 17, 10:42 AM
    • 189Posts
    • 100Thanks
    aneary
    Leeds Building Society
    • #1
    • 15th May 17, 10:42 AM
    Leeds Building Society 15th May 17 at 10:42 AM
    Has anyone recently applied for a mortgage with Leeds I can only find old posts.

    I got a decision in principle with them going directly for more than I'm now applying for (with the same deposit), I'm just concerned that now I have submitted the application it will be rejected. Originally I went through a broker who said I would have to go through a specialist broker via him and then came back and said that unless I increased my deposit I wouldn't get a mortgage anywhere.

    My experian report is very poor and my equifax is great it appears the LBS only look at equifax.
Page 1
    • aneary
    • By aneary 15th May 17, 4:52 PM
    • 189 Posts
    • 100 Thanks
    aneary
    • #2
    • 15th May 17, 4:52 PM
    • #2
    • 15th May 17, 4:52 PM
    Anyone able to help?
    • kingstreet
    • By kingstreet 15th May 17, 5:17 PM
    • 31,469 Posts
    • 16,814 Thanks
    kingstreet
    • #3
    • 15th May 17, 5:17 PM
    • #3
    • 15th May 17, 5:17 PM
    What with?

    If you read your post, there is nothing but this;-

    "I'm just concerned that now I have submitted the application it will be rejected"

    and the answer can be only be yes, it might and no, it might not.

    You've chosen not to use the broker and to provide so little information at this time, no-one here has the remotest idea of what your chances are...

    You've applied. You need to submit the requested documents and await their assessment and the conclusion, the valuation and issue of the mortgage offer.
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
    • aneary
    • By aneary 15th May 17, 5:30 PM
    • 189 Posts
    • 100 Thanks
    aneary
    • #4
    • 15th May 17, 5:30 PM
    • #4
    • 15th May 17, 5:30 PM
    Has anyone been given a DIP only for it to be rejected a later date even if a hard credit check was completed an all information given was correct.

    Sorry if I didn't explain myself correctly but there is really no need to be so rude.
    • kingstreet
    • By kingstreet 15th May 17, 5:31 PM
    • 31,469 Posts
    • 16,814 Thanks
    kingstreet
    • #5
    • 15th May 17, 5:31 PM
    • #5
    • 15th May 17, 5:31 PM
    Ahh, ok.

    I'll stop being so rude then.
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
    • aneary
    • By aneary 24th May 17, 2:06 PM
    • 189 Posts
    • 100 Thanks
    aneary
    • #6
    • 24th May 17, 2:06 PM
    • #6
    • 24th May 17, 2:06 PM
    Just in case anyone is in the same boat, I spoke to Leeds today and I have an offer subject to the valuation, so I've been approved.

    I've managed to save nearly £1k in MA fees now I'm not saying by any means all of them are the same as mine I was probably unlucky but it does show that even without a perfect credit history you can get a mortgage without a MA.
    • Maz2003
    • By Maz2003 26th May 17, 6:44 AM
    • 5 Posts
    • 0 Thanks
    Maz2003
    • #7
    • 26th May 17, 6:44 AM
    • #7
    • 26th May 17, 6:44 AM
    Congrats! Firstly I am shocked with the passive aggressive responses on this forum. If people are tired of answering the same questions why bother typing?
    I am in a similar position, and was wondering how you decided on Leeds?
    • aneary
    • By aneary 26th May 17, 7:21 AM
    • 189 Posts
    • 100 Thanks
    aneary
    • #8
    • 26th May 17, 7:21 AM
    • #8
    • 26th May 17, 7:21 AM
    Oh it was because I had some defaults my experian credit report wasn't great but my equifax was so I looked up which banks/building societies used which reports.

    It wasn't a terrible rate either three months 0% (which gives me some extra money when I need it most) and 2.6% fixed for 5 years (I wanted a longer fixed for some security) this was personal choice, there were several mortgages to chose from but I had 15% deposit there are only 3 options (not terrible in my opinion) with less than 15%.
    • ellison007
    • By ellison007 26th May 17, 8:42 AM
    • 64 Posts
    • 16 Thanks
    ellison007
    • #9
    • 26th May 17, 8:42 AM
    • #9
    • 26th May 17, 8:42 AM
    Well done Aneary, great piece of Sherlock Holmes work there it seems.


    btw, how did you discover LBS only use Equifax? I have looked at the MSE link below which details which lending organisations use which particular CRA's and found it unreliable.


    http://www.moneysavingexpert.com/credit-cards/credit-reference


    Cheers.
    • aneary
    • By aneary 26th May 17, 8:46 AM
    • 189 Posts
    • 100 Thanks
    aneary
    I googled it and then I checked Leeds' website when I applied for a DIP.

    After being told I would only get a mortgage with a 20% deposit by a mortgage adviser and also would be charged another 1k of fees I will never use a broker again.
    • hunt85
    • By hunt85 26th May 17, 10:18 AM
    • 314 Posts
    • 157 Thanks
    hunt85
    Congrats! Firstly I am shocked with the passive aggressive responses on this forum. If people are tired of answering the same questions why bother typing?
    I am in a similar position, and was wondering how you decided on Leeds?
    Originally posted by Maz2003

    100% agree its so pathetic to reply if you have nothing to say except to be lairy!
    • suzikettles
    • By suzikettles 11th Jun 17, 4:04 PM
    • 20 Posts
    • 1 Thanks
    suzikettles
    we have been waiting weeks - months actually
    OH is self employed so obviously we needed to supply figures, accounts etc
    then asked for more documentation, and still no answer
    OH reluctant to contact them
    what should we be doing? Made the mistake of looking at a review site out of 71 reviews 66 were one star!!!!
    I feel sick all the time!
    • Thrugelmir
    • By Thrugelmir 11th Jun 17, 4:09 PM
    • 53,830 Posts
    • 46,627 Thanks
    Thrugelmir
    Made the mistake of looking at a review site out of 71 reviews 66 were one star!!!!
    Originally posted by suzikettles
    Given the number of mortgages granted every year. 71 reviews suggests that it's not a representative sample. People are more likely to leave reviews when dissatisfied.
    “ “Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria. The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell.” Sir John Marks Templeton
    • aneary
    • By aneary 12th Jun 17, 1:03 PM
    • 189 Posts
    • 100 Thanks
    aneary
    we have been waiting weeks - months actually
    OH is self employed so obviously we needed to supply figures, accounts etc
    then asked for more documentation, and still no answer
    OH reluctant to contact them
    what should we be doing? Made the mistake of looking at a review site out of 71 reviews 66 were one star!!!!
    I feel sick all the time!
    Originally posted by suzikettles
    I called them on average every other day.
    They are on the whole very nice when I speak to them.
    • suzikettles
    • By suzikettles 13th Jun 17, 5:22 PM
    • 20 Posts
    • 1 Thanks
    suzikettles
    we phoned again today, as we submitted all paperwork x2 now and had to send in a sa 03 (self employed tax from accountant) as they emailed to say they hadnt got it (emailed us 30 may) OH phoned today they told him that they dont have it, so another trip to the accountant tomorrow
    its an absolute joke
    I have absolutely no confidence in them and it so stressful its unbelievable

    71 may not be a representative sample but they are the ones that have taken the time to review I will be joining them soon,
    • aneary
    • By aneary 13th Jun 17, 5:33 PM
    • 189 Posts
    • 100 Thanks
    aneary
    we phoned again today, as we submitted all paperwork x2 now and had to send in a sa 03 (self employed tax from accountant) as they emailed to say they hadnt got it (emailed us 30 may) OH phoned today they told him that they dont have it, so another trip to the accountant tomorrow
    its an absolute joke
    I have absolutely no confidence in them and it so stressful its unbelievable

    71 may not be a representative sample but they are the ones that have taken the time to review I will be joining them soon,
    Originally posted by suzikettles
    Did you email the form or send by post?
    Anything I post which is of that much importance I send via recorded delivery.
    However I called and double checked what I needed to send in and I included everything and wrote a cover letter stating what I was included.
    I have only been asked for one other piece of information which is a gift form and I've been told I can email that, I will email and post it though.
    • suzikettles
    • By suzikettles 13th Jun 17, 5:41 PM
    • 20 Posts
    • 1 Thanks
    suzikettles
    OH posted it 2 weeks ago, funny that they emailed us to say they needed it but omitted to chase up when it didnt arrive or let us know that they were still waiting for it.
    he has to email it tomorrow but another trip out of work time to the accountant
    they lost our first lot of paperwork.............
    and wanted another copy of all my payslips
    now the sa03 its really not funny any more.
    • aneary
    • By aneary 14th Jun 17, 9:21 AM
    • 189 Posts
    • 100 Thanks
    aneary
    Why does he have to take another trip to the accountant?

    Every piece of paper I have sent Leeds I have a copy of in a folder, why wasn't the document sent via recorded post?

    Sorry but if you are applying for something as important as a mortgage you do need to send via recorded delivery and keep copies.

    Post does get lost and bits of papers get lost in all offices not just Leeds. In addition why is up to them to chase you up, I assume that with the volumes of customers they can't chase up everyone for everything, they may just assume you haven't bothered to send in the document, There isn't anything stopping you from calling them up to check everything has been received.
    • suzikettles
    • By suzikettles 14th Jun 17, 9:08 PM
    • 20 Posts
    • 1 Thanks
    suzikettles
    thanks Aneary
    I'm 51 no need to be so snippy thanks!
    My OH is dealing with it - I would have sent it recorded........

    He has called and they received the item today by email,

    Just for the record we know that their admin is totally useless

    Anyway thanks for your advice hopefully we will get some good news soon
    • suzikettles
    • By suzikettles 15th Jun 17, 10:39 PM
    • 20 Posts
    • 1 Thanks
    suzikettles
    next instalment today another email asking for different tax forms wish they would decide what they want and guess what another visit to the accountant tomorrow
    getting beyond a joke now
    infact its really stressful my BP is through the roof
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